https://www.taxtmi.com/caselaws?id=235456 The Tribunal upheld the Commissioner's decision to delete the disallowance of deduction under section 80IB in both issues. The Assessing Officer's disallowance of Rs. 26,88,182 under section 80IB was overturned as there was no evidence of diversion of interest from tax-free units to taxable units. Additionally, the reduction of deduction by Rs. 97,597 on certain receipts was reversed as these receipts were found to be related to the business activities of the unit. The Tribunal remitted the issue of the insurance claim back to the Assessing Officer for further examination. The appeal by the Revenue was partly allowed for statistical purposes. en-us Fri, 19 Jul 2013 00:00:00 +0530 Wed, 24 Jul 2013 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235456 The Tribunal upheld the Commissioner's decision to delete the disallowance of deduction under section 80IB in both issues. The Assessing Officer's disallowance of Rs. 26,88,182 under section 80IB was overturned as there was no evidence of diversion of interest from tax-free units to taxable units. Additionally, the reduction of deduction by Rs. 97,597 on certain receipts was reversed as these receipts were found to be related to the business activities of the unit. The Tribunal remitted the issue of the insurance claim back to the Assessing Officer for further examination. The appeal by the Revenue was partly allowed for statistical purposes. Case-Laws Income Tax Fri, 19 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235456